Trade subject to notification

Mr. Roar Engeland has in connection with the rights issue of Orkla ASA been granted 72 subscription rights and has on November 15 1999 subscribed for 10 new shares at nominal value NOK 6.25. After the rights issue his total shareholding consists of 4,082 shares.

Mr. Finn Jebsen and his close associates have in connection with the rights issue of Orkla ASA been granted 97,812 subscription rights and have on November 15 1999 subscribed for 13,972 new shares at nominal value NOK 6.25. After the rights issue his and his close associates total shareholding consists of 192,904 shares.

Mr. John Jørgensen has in connection with the rights issue of Orkla ASA been granted 17,052 subscription rights and has on November 15 1999 subscribed for 2,436 new shares at nominal value NOK 6.25. After the rights issue his total shareholding consists of 26,560 shares.

Mr. Jan Lindh has in connection with the rights issue of Orkla ASA been granted 24,000 subscription rights and has on November 15 1999 subscribed for 3,428 new shares at nominal value NOK 6.25. After the rights issue his total shareholding consists of 32,428 shares.

Mr. Morten Ringvold and his close associates have in connection with the rights issue of Orkla ASA been granted 10.000 subscription rights and have on November 15 1999 subscribed for 1,428 new shares at nominal value NOK 6.25. After the rights issue his and his close associates total shareholding consists of 31,036 shares.

Mr. Egil Ullebø has in connection with the rights issue of Orkla ASA been granted 43,044 subscription rights and has on November 15 1999 subscribed for 6,149 new shares at nominal value NOK 6.25. After the rights issue his total shareholding consists of 61,597 shares.

Mr. Bjørn Wiggen has in connection with the rights issue of Orkla ASA been granted 14,536 subscription rights and has on November 15 1999 subscribed for 2,076 new shares at nominal value NOK 6.25. After the rights issue his total shareholding consists of 21,796 shares.

Mr. Geir Aarseth has in connection with the rights issue of Orkla ASA been granted 800 subscription rights and has on November 15 1999 subscribed for 114 new shares at nominal value NOK 6.25. After the rights issue his total shareholding consists of 3,566 shares.

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